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JAAKKO PÖYRY GROUP HEADQUARTER OWNERSHIP

JAAKKO PÖYRY GROUP OYJ Stock Exchange Notice
February 5, 2003 at 2.00 p.m.
JAAKKO PÖYRY GROUP HEADQUARTER OWNERSHIP
Nordisk Renting Oy, a subsidiary of Nordea, has bought Jaakko Pöyry
Group Oyj's headquarter property at Vantaa. At the same time, Jaakko
Pöyry Group Oyj and Nordisk Renting Oy have signed a rental agreement
for the property, extending over the next 20 years.
Before the present deal, the Jaakko Pöyry Group rented its headquarter
office building from Nordea Finance Ltd, with the option to buy back the
property. Following the present deal, the entire office property,
including the Jaakko Pöyry Group's headquarter office building, the site
and half of the Martinparkki Oy car park, will be taken over by Nordisk
Renting Oy. Jaakko Pöyry Group Oyj has an option to buy back these at a
later date.
The deal is a continuation of Jaakko Pöyry Group Oyj's effort to focus
its financial resources on the company's core business, consulting and
engineering. The property deal improves the Jaakko Pöyry Group's profit
before extraordinary items for 2003 by about EUR 11 million. The Group's
net debt/equity ratio (gearing) improves by about 15 percentage points.
Nordisk Renting owns properties with a total value of about SEK 16
billion. The company's activities are concentrated in the Nordic
countries, primarily Sweden and Finland. Nordisk Renting Oy is owned by
Nordea.
JAAKKO PÖYRY GROUP OYJ
Erkki Pehu-Lehtonen Teuvo Salminen
President and CEO Deputy to President and CEO
Additional information by:
Teuvo Salminen, Deputy to President and CEO, Jaakko Pöyry Group Oyj
Tel. +358 9 8947 2872, +358 400 420 285
www.poyry.com
DISTRIBUTION:
Helsinki Exchanges
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